Aug. 20, 2013: Haier America Becomes Wholly Owned Subsidiary of Haier Group
Company Reinforces Commitment to the Americas
NEW YORK — Haier, a manufacturer of home appliances, HVAC products, and electronics, has announced that Haier America has reached an agreement with its minority joint venture shareholders to acquire their shares and make Haier America a wholly owned subsidiary of Haier Group.
“This is an important step forward for Haier,” said Shariff Kan, president and CEO of Haier America. “The acquisition is being made to further align the company’s global resources toward growth and success for the Haier brand in North and South America.”